The second wave of COVID19 has been like a Tsunami for the country, shattering all the facilities, industries or in some cases even humanity. Almost all the states are in a state of panic and lockdown, and with the public screaming, for oxygen, many people have emerged as heroes and helped the ones who are in desperate need. The automobile sector is also affected majorly due to it, be it the jobs or the 0-production scenario. However, in these desperate times, the automobile sector has also provided a helping hand to resolve this situation by providing industrial oxygen used in plants as processed medical oxygen.
However, this scenario will eventually be leading the auto industry into another steep sales decline, which will in return be translating into higher pricing of the cars and then to cutting jobs to overcome NPAs affecting the livelihood of many peoples.
Due to this spread of the pandemic, companies have taken into consideration of public sentiments and have postponed their upcoming launches. The Hyundai Alcazar was meant to be launched towards the end of last month but was then shifted to early May, but now looking at the situation of the country, Hyundai has again delayed the launch date of the Hyundai Alcazar towards the end of this month.
Similar to this situation is of the Second generation Maruti Suzuki Celerio which was spied testing recently and was meant to be launched recently but now the launch has been pushed back further. Another case is of the MG Astor, which was basically the petrol version of the MG ZS EV and was meant to be launched recently but this one has also received a push back.
Mahindra also was planning to launch its new XUV700 in the second quarter of this year however the launch most likely will be delayed depending on how long this situation lasts.